Market Overview

Easterly Acquisition Corp. and JH Capital Group Holdings, LLC Are in Discussions to Mutually Terminate the Investment Agreement and Abandon the Proposed Business Combination


Easterly Acquisition Corp. ("Easterly") (NASDAQ:EACQ) and JH Capital
Group Holdings, LLC ("JH Capital") announced that they are in
discussions to terminate by mutual agreement the Investment Agreement,
dated as of June 28, 2017, by and among JH Capital, Jacobsen Credit
Holdings, LLC, NJK Holding LLC, Kravetz Capital Funding LLC, and
Easterly. If the Investment Agreement is terminated, the parties will
abandon the business combination transaction contemplated by the
Investment Agreement.

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In connection with such discussions, Easterly has filed with the SEC a
notification of late filing of its Quarterly Report on Form 10-Q for the
quarter ended March 31, 2018 on Form 12b-25, indicating that Easterly
will file its Form 10-Q for the quarter ended March 31, 2018 on or
before the fifth calendar day following such Form 10-Q's prescribed due
date of May 10, 2018.

Easterly must complete an initial business combination prior to June 30,
2018 or cease all operations, redeem the public shares of its common
stock and dissolve and liquidate its remaining assets to its creditors
and remaining stockholders. Upon the conclusion of the termination
discussions and expected termination of the Investment Agreement,
Easterly will evaluate if it will seek an additional period of time in
which it can complete an initial business combination or whether it will
cease all operations, redeem the public shares of its common stock and
dissolve and liquidate its remaining assets to its creditors and
remaining stockholders. In the event of Easterly's liquidation, there
will be no distribution with respect to Easterly's outstanding warrants
and, accordingly, the warrants will expire worthless.

About JH Capital

JH Capital is a specialty finance business that offers end-to-end
solutions to customers at every stage of the distressed credit cycle,
from default to rehabilitation. Its largest segment buys defaulted
consumer receivables and strategically places the accounts for
collection. Additionally, JH Capital helps consumers rehabilitate their
credit profile by advocating on their behalf in the settlement of
third-party debt.

About Easterly LLC

Easterly LLC is a private asset management holding company that has
interests in boutique investment management firms. Easterly's core
expertise is in acting as a principal to grow business platforms.
Easterly enhances businesses as a partner through capital formation,
corporate development, and strategic implementation activities.
Easterly's principals have a proven track record of delivering
outperformance to both public and private investors across a variety of
sectors. For more information about Easterly, please visit Easterly's
website at

About Easterly Acquisition Corp.

Easterly Acquisition Corp. is a Special Purpose Acquisition Company
sponsored by Easterly Acquisition Sponsor, LLC, an affiliate of Easterly
LLC, for the purpose of effecting a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or similar business
combination with one or more businesses or assets. Easterly Acquisition
Corp. completed its initial public offering in August 2015, raising $200
million in cash proceeds. Easterly Acquisition Corp.'s officers and
certain of its directors are affiliated with Easterly LLC. For more
information about Easterly Acquisition Corp., please visit its website

Forward-Looking Statements

This communication contains "forward-looking statements" within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and the Private Securities Litigation Reform Act of 1995, known
as the PSLRA. Forward-looking statements may relate to future results,
strategy and plans of Easterly and JH Capital (including certain
projections, business trends, and statements which may be identified by
the use of the words "plans", "expects" or "does not expect",
"estimated", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or that state
certain actions, events or results "may", "could", "would", "might",
"projects", "will" or "will be taken", "occur" or "be achieved").
Forward-looking statements are based on the opinions and estimates of
management of Easterly or JH Capital, as the case may be, as of the date
such statements are made, and they are subject to known and unknown
risks, uncertainties, assumptions and other factors that may cause the
actual results, level of activity, performance or achievements to be
materially different from those expressed or implied by such
forward-looking statements. Additional information on these and other
factors that may cause actual results and Easterly's performance to
differ materially is included in Easterly's periodic reports filed with
the SEC, including but not limited to Easterly's Form 10-K for the year
ended December 31, 2017 and subsequent Forms 10-Q. Copies may be
obtained by contacting Easterly or the SEC. Readers are cautioned not to
place undue reliance upon any forward-looking statements, which speak
only as of the date made. These forward-looking statements are made only
as of the date hereof, and Easterly undertakes no obligations to update
or revise the forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law.

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